Ross Stores Inc
ROST: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|p? | LOCK|!#^ | LOCK|FnyY?rs |
Ross Stores Earnings: Robust Traffic and Sourcing Execution Drive Margin Gains; Shares Overvalued
Ross' first-quarter results included 21% sales growth and adjusted EPS of $2.02, up 38%. Operating margin expanded by 120 basis points to 13.4%, driven by merchandise margin gains, occupancy leverage, and lower distribution costs, but partly offset by higher compensation expense.
